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Question
Write about the composition of GDP in India.
Solution
The composition of GDP in India include three sectors which are listed as
- Agricultural Sector
- Industrial Sector
- Service Sector.
1. Agricultural Sector: It is also known as primary sector. Agricultural activities, Agricultural based allied activities, cattle farm, fishing, mining, forestry, mining are all included in this sector. Their total production is the pirimary sector contribution to India’s GDP.
2. Industrial Sector: It is also known as secondary sector. Production of goods using raw materials in the form of either Small Scale Industries or Large Scale Industries like Iron and steel, Automobiles, etc., are included in this sector. Their total production is the secondary sector contribution to India’s GDP.
3. Service Sector: It is also known as the Tertiary sector. It includes Government, transport and communications, Scientific Research, Post and telegraph, trade, Banking, Education, Entertainment, Health care and Information Technology in this sector. Their total production is the service sector's contribution to India’s GDP.
Sector-wise contribution of GDP (2018 – 19)
Agricultural Sector – 14.39 %
Industrial Sector – 31.46%
Sen/ice Sector – 54.15%
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